hi, does anyone know whether netsuite has the capability of doing UAE currency? this is what i have now (i.e. base currency is USD), but the method is "N/A". not sure what that means.

Yes it needs to be added/setup/created from currencies list in netsuite.

how am i able to set it up so it automatically updates the exchange rate? right now it is set to "N/A"

You'll just need to check the automatic update box on the currency record. All that n/a means is that it doesn't have a downloaded rate for the date you're looking at. If an exchange rate record has 1/1/1970 as the date, that just means that's the default rate for that currency and there haven't been any current rates downloaded yet. Note: do NOT let the system use that default rate because most of them are wildly off.

thank you!